Rex Energy Corp. touting Carroll well production

Thursday

Another oil company — Rex Energy based in State College, Pa. — is touting production from a well drilled in Carroll County.

Rex Energy Corp. has joined the ranks of oil and natural-gas exploration companies touting early production figures from wells in the Utica shale.

The company said in a statement issued Wednesday that early results from its Brace 1H well in Carroll County’s Washington Township showed strong production of good quality oil and natural gas. About 43 percent of the natural gas was liquids, which are more valuable than dry gas.

Tom Stabley, Rex Energy’s chief executive officer, said the company is pleased with the results and called them “among the best results in Carroll County to date.”

Rex Energy has about 15,400 net acres in Carroll County, but so far, only two permits for horizontal wells into the Utica formation. The company said it has preliminary plans to drill nine wells and complete six wells in Carroll County during 2013. The company also is drilling in Belmont, Guernsey and Noble counties, where it has leased 3,100 acres.

Chesapeake Energy, EnerVest, Gulfport and Antero Resources all have issued positive reports about oil and gas production from Utica wells in eastern Ohio. Devon Energy reported that wells in Medina and Knox counties, on the western side of the formation, have been less productive.

Carroll County has been a hotbed for drilling since oil companies began exploring the Utica shale in 2010. Companies have secured 139 drilling permits, with the majority belonging to Chesapeake.

More than 50 horizontal wells have been drilled in Carroll. Chesapeake has 20 Utica wells and one Marcellus shale well producing, while EnerVest has one Utica well in production.

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